Gold

Key insight

4,363 is a minor pause, not a reversal — 200-day MA at ~3,900 is far below; next resistance at 4,400 round number, then all-time extension zone near 4,500. Trend favours longs while above 4,200.

Holds above 4,300 round-number support at $4,363 despite a -0.34% dip; structural uptrend intact, USD softness and elevated geopolitical risk keep dip-buyers active.

Main risk

Sharp USD rebound on hot macro data

USD/JPY at 156.9 shows dollar holding; a strong US data surprise could lift DXY and push gold back toward 4,200 support.